Defined Benefit (Pension) · DOL Form 5500 · 2024

Morganite Industries, Inc. Pension Plan

Data updated 2026-08-25

$127M
Total assets Near avg plan size
317
Participants Below avg headcount
92nd
Percentile by assets National rank
$400,638
Avg per participant High balance/head
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Official DOL plan name: Morgan US Employees' Retirement Plan · Sponsored by Morganite Industries, Inc. · North Carolina · Manufacturing

$127M in assets, 317 participants

Morganite Industries, Inc.'s Morgan US Employees' Retirement Plan reported $127M in total assets and 317 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #15,653 in Manufacturing (17,777 peers)

Coverage in North Carolina

Morgan US Employees' Retirement Plan covers 317 participants in North Carolina, about 39% of the average North Carolina filer (state average ~819 per filing). Assets: $127M.

#15,653
in Manufacturing (17,777 peers)
-6.6%
assets change YoY
1.3×
vs typical plan assets (national mean)

The plan reported a net loss of $9M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Morgan US Employees' Retirement Plan's outsized position by total assets

Morgan US Employees' Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$127,002,240 Top 8% higher than 92% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Morgan US Employees' Retirement Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Morgan US Employees' Retirement Plan sits mid-pack in the medium band (317 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Morgan US Employees' Retirement Plan reported net income fell from -$578K in the plan year 2023 filing to -$9M in the plan year 2024 filing.
  • Morgan US Employees' Retirement Plan reported participants fell from 362 in the plan year 2023 filing to 317 in the plan year 2024 filing.
  • Morgan US Employees' Retirement Plan end-of-year assets fell from $136M in the plan year 2023 filing to $127M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 561268548 · Morganite Industries, Inc. PY 2024 · Defined Benefit (Pension)

Morgan US Employees' Retirement Plan · $127M · 317 · 92nd

  • BOY $127M
  • BOY 317
  • BOY 92nd
  • BOY Defined Benefit (Pension)
  • BOY near Pension Plan for Kapl Employees in Participating Bargaining Units
  • BOY ind #15653

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in North Carolina →

Morgan US Employees' Retirement Plan in the asset neighbourhood

Operative Plasterers and Cement Masons Local No. 109 Pension PlanOperative Plasterers and Cem…$127MMorgan US Employees' Retirement PlanMorgan US Employees' Retirem…$127MPension Plan for Kapl Employees in Participating Bargaining UnitsPension Plan for Kapl Employ…$127MWillkie Farr & Gallagher LLP Partner Pension PlanWillkie Farr & Gallagher LLP…$127MIronworkers Local #16 Pension PlanIronworkers Local #16 Pensio…$127M
End-of-year total assets ($M) among Morgan US Employees' Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$136M
Net Assets (End of Year)$127M
Net Income-$9M
Employer EIN561268548
Plan Effective Date1971-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Morganite Industries, Inc.)

Sponsor-wide plan assets over time

All Morganite Industries, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$417M 9.946041275006202% vs 2022
2024 filing year
$360M$380M$400M$420M$440M 202220232024 $379M $417M ▲ +9.9%
Year Plans Participants Total Assets
2022 2 2,402 $379M
2023 2 2,525 $402M
2024 2 2,634 $417M

Nearby Defined Benefit (Pension) Plans in North Carolina

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Morgan US Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -505101520 Total assets ($B) Participants Morgan US Employees' Retirement Plan, Total assets ($B): 0.12700224 · Participants: 317Morgan US Employees' Retirement PlanHoneywell Retirement Earnings Plan, Total assets ($B): 16.577892612 · Participants: 9923Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 14.698665729 · Participants: 38548Truist Financial Corporation Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 4.678 · Participants: 13576Duke Energy Retirement Cash Balance PlanEmployees' Retirement Plan of Duke University, Total assets ($B): 2.784844379 · Participants: 22655Employees' Retirement Plan of Duke UniversityThe Hearst Corporation Retirement Plan, Total assets ($B): 2.397551709 · Participants: 1745The Hearst Corporation Retirement Plan
Morgan US Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Morgan US Employees' Retirement Plan side-by-side with 3 peers →

Morgan US Employees' Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Pension Plan for Kapl Employees in Participating Bargaining Units in PA ($127M); by covered participants it is IBEW Local No. 223 Pension in CT (317 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (317 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Morgan US Employees' Retirement Plan assets move in 2024? ▼
Morgan US Employees' Retirement Plan pulled back noticeably - down 6.6% during 2024, from $136M to $127M. Reported net income was -$9M.
How have Morganite Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Morganite Industries, Inc.'s sponsor-wide assets grew 9.9%, from $379M to $417M.
Where does Morgan US Employees' Retirement Plan rank by assets among Form 5500 filers? ▼
Morgan US Employees' Retirement Plan ranks in the 92nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Morgan US Employees' Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pension Plan for Kapl Employees in Participating Bargaining Units in PA ($127M, 141 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Morgan US Employees' Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is IBEW Local No. 223 Pension in CT (317 participants, $69M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 561268548.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.